2024-02-14 09:58:45 ET
Summary
- Upstart Holdings' highly anticipated Q4 2023 results have led me to turn neutral on the stock.
- I highlight concerns about Upstart's high debt levels and poor profitability profile.
- Despite the allure of advanced technology, Upstart's financial challenges and diminishing cash reserve are worrisome.
Investment Thesis
Upstart Holdings ( UPST ) delivered its highly anticipated Q4 2023 results . And I'm left with two choices....
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Upstart Q4: Struggles With Debt And Profitability Challenges (Downgrade)